RuPay PMJDY Debit Card

Introduction

The RuPay PMJDY Debit Card, issued by HDFC Bank, is an entry-level debit card designed for financial inclusion under the Pradhan Mantri Jan Dhan Yojana (PMJDY). It offers essential banking services, secure transactions, and a significant personal accidental death cover of up to ₹2 Lakhs, along with the convenience of contactless payments.

Fees

• Annual Fees: Nil
• Replacement / Reissuance Charges: ₹200 + applicable taxes (effective from 1st December 2016)
• Fuel Surcharge: Not applicable for transactions done on HDFC Bank swipe machines at government petrol outlets (HPCL/IOCL/BPCL) effective 1st January 2018.

Rewards

• Insurance Benefits:
  • New PMJDY Cards (issued on accounts opened after 28th August 2018) offer insurance coverage of up to ₹2 lakh.
  • Old PMJDY Cards (issued on accounts opened till 28th August 2018) provide up to ₹1 lakh coverage.
  • The coverage includes accidental injuries, accidental death, and permanent total disability.
  • To keep the insurance cover active, the cardholder must have carried out at least one transaction (POS / E-com / ATM) within 90 days prior to the date of the event using the RuPay Debit Card.
  • In case of multiple cards, the policy applies only to the card with the highest sum insured.
  • HDFC Bank does not charge any fee for offering this insurance coverage.
• Banking Benefits:
  • Daily ATM withdrawal limit of up to ₹25,000.
  • Daily shopping limit of ₹2.75 lakh.
  • Withdraw up to ₹2,000 per transaction at merchant outlets, with a monthly limit of ₹10,000.
  • For security reasons, the ATM cash withdrawal limit is capped at ₹0.5 lakh per day and ₹10 lakh per month for the first 6 months from the account opening date. For accounts older than 6 months, the ATM cash withdrawal limit is capped at ₹2 lakh per day and ₹10 lakh per month.
• Security Benefits:
  • Debit Card transactions are secured with RuPay PaySecure, adding an extra OTP-based authentication layer.
• Contactless Payments:
  • The HDFC Bank Debit Card is enabled for contactless payments, facilitating fast, convenient, and secure payments at retail outlets.
  • In India, payment through contactless mode is allowed for a maximum of ₹5,000 for a single transaction without a PIN. For amounts higher than or equal to ₹5,000, the cardholder must enter the Debit Card PIN.

Rewards Redemption Guide

• The card management platform allows users to view and redeem points at the push of a button, though specific reward points for this card are not detailed.

Card Eligibility Criteria

• Eligibility Rules:
  • Resident individuals (sole or joint account holders) are eligible.
  • The customer must not have an existing Basic Savings Bank Deposit (BSBD) Account with any other bank.
  • The customer should not hold any other Savings Account with HDFC Bank.
• Documents Required:
  • For existing HDFC Bank Account holders, no additional documents are required. A new card is automatically sent to the registered address when the current card expires.
  • For new HDFC Bank Account holders, download, print, and fill the Account Opening form (which includes the International Debit Card application) and submit it to the closest HDFC Bank branch.

Important Product Details

• Positive Highlights:
  • Nil annual fees.
  • Comprehensive accidental insurance coverage up to ₹2 lakh.
  • Contactless payment enabled for quick and secure transactions.
  • Robust security with RuPay PaySecure and OTP authentication.
  • Dynamic and flexible withdrawal and shopping limits.
  • Easy card management and spend tracking through a unified platform.
• Negative Highlights:
  • Primarily for domestic use within India; cards issued after October 1, 2020, are enabled only for domestic usage (PoS & ATM) by default, with e-commerce, contactless, and international usage disabled unless manually enabled.
  • Strict eligibility criteria regarding existing bank accounts.

Other Details

• Card Management & Controls: Offers a single unified platform for Credit Cards, Debit Cards, FASTag, and Consumer Durable Loans, with a simple interface to track all spends.
• RBI Guidelines: As per RBI guidelines dated 15th January 2020, all Debit Cards issued effective 1st October 2020 are or will be enabled only for Domestic usage (PoS & ATM) and disabled for Domestic (E-commerce & contactless) and international usage by default. Users can enable or modify Domestic & International transactions limits on ATM / PoS / E-commerce / Contactless via MyCards / NetBanking / Mobile Banking / WhatsApp Banking / Ask Eva / Toll-free Number.
• FAQs: The card enables financial inclusion by providing access to banking, withdrawals, deposits, insurance cover, and digital payments. It is primarily for domestic use within India.
• Terms & Conditions: Important documents pertaining to the Debit Card, including the Card Member Agreement and Most Important Terms & Conditions, are accessible digitally.

Times Point Debit Card

Introduction

The Times Point Debit Card from HDFC Bank is a lifestyle-focused debit card designed to offer a range of benefits including welcome points, discounts on various lifestyle categories, and airport lounge access. While new issuances are currently unavailable, existing cardholders continue to enjoy its comprehensive reward structure.

Welcome Benefits

• 500 Times Points as a welcome benefit.

Fees

• Annual Fees: ₹650 plus taxes.
• Replacement / Reissuance Charges: ₹200 plus applicable taxes (effective from 1st December 2016).
• Usage Charges:
  • Railway Stations: ₹30 per ticket plus 1.80% of the transaction amount.
  • IRCTC: 1.80% of the transaction amount.
• Penalty for Declined Transactions: ₹25 plus applicable taxes per declined transaction.
• Cross-Currency Markup Fee: 3.5% of the transaction amount.
• PIN Generation: No fee is levied for PIN generation.
• Insurance Coverage: No fee is charged for offering insurance coverage.

Rewards

• Reward Points Earning: 2 Times Points for every ₹150 spent, excluding fuel, jewellery, and business services.
• Discounts: 10% or more discounts on online lifestyle, entertainment, dining, and grocery.
• Airport Lounge Access: 1 free airport lounge access per calendar quarter. To qualify, a minimum spend of ₹5,000 in the previous calendar quarter is required (can be in a single or multiple transactions).
• Shopping Limit: Daily domestic shopping limit of ₹3.5 lakh.
• ATM Withdrawal Limit: Daily domestic ATM withdrawal limit of ₹1 lakh.
• EMI Conversion: Purchases made using the card can be converted into EMIs, with a minimum purchase amount of ₹5,000.

Card Eligibility Criteria

• Eligibility Rules:
  • Non-Resident (External) Account Holders are eligible.
  • Resident Indians who hold one of the following accounts are eligible: Savings Account, Current Account, SuperSaver Account, Loan Against Shares Account (LAS), Salary Account, Individual Account Holders (Savings Account, Corporate Salary Accounts & Senior Citizens).
• Nationality Requirement: Available to both Resident Indians and Non-Resident (External) Account Holders.

Important Product Details

• Positive Highlights:
  • Generous welcome bonus of 500 Times Points.
  • Competitive reward rate on general spending.
  • Significant discounts across various lifestyle categories.
  • Complimentary airport lounge access with a reasonable spend requirement.
  • High daily domestic shopping and ATM withdrawal limits.
  • Option to convert purchases into EMIs.
• Negative Highlights:
  • An annual fee of ₹650 plus taxes applies.
  • Specific usage charges for railway ticket purchases.
  • Cross-currency markup fee for international transactions.
  • Penalty for declined transactions.
  • No new Debit Card issuances are available for this variant; only existing customers continue to enjoy the benefits.

Other Details

• Card Status: No new Debit Card issuances are available for the Times Points Debit Card variant. Existing customers of this card will continue to enjoy the benefits.
• Terms & Conditions: Important documents pertaining to the Debit Card, including the Card Member Agreement and Most Important Terms & Conditions, are accessible digitally.
• Disclaimer: Debit Card approvals are at the sole discretion of HDFC Bank Limited and are subject to documentation and verification. Interest rates are subject to change.